Filed May 28, 2024 (most recent of 2 filings on file)
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER4+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $17,399 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $33,396 | $98,982-66.3% | $162,163-79.4% | $65,185-48.8% |
| Participation rate | 93.2% | 85.8%+7.5pp | 87.6%+5.7pp | 70.2%+23.0pp |
| Annual return | 24.71% | 24.84%-0.1pp | 115.59%-90.9pp | 29.38%-4.7pp |
| Employer contribution / active EE | $2,689 | $3,467-22.4% | $5,614-52.1% | $2,177+23.6% |
| Participant deferral / active EE | $2,233 | $5,384-58.5% | $7,298-69.4% | $3,514-36.4% |
| Admin fee / account holder | $116 | $596-80.5% | $10,843-98.9% | $847-86.3% |